GRACE MEDICAL CENTER INC (EIN 520591555) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1920

Legal Domicile

Phone

4106016161

Tax Period

2024-07-01 to 2025-06-30

GRACE MEDICAL CENTER INC, founded in 1920, is a community nonprofit in the Health Care sector that reported $9.7M in total revenue in fiscal year 2024. Expenses of $25.1M exceeded revenue, resulting in a 158% operating deficit.

Mission

TO PROVIDE QUALITY COMPASSIONATE HEALTH CARE AND COMMUNITY-BASED SERVICES THAT SEEK TO IMPROVE THE HEALTH OF THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $266,228

Program Service Revenue $9,132,071

Investment Income $67,787

Other Revenue $272,933

TOTAL REVENUE $9,739,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,936,986

Fundraising Expenses $0

Program Expenses $15,263,504

Other Expenses $12,185,017

TOTAL EXPENSES $25,122,003

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,739,019	$9,218,035	+0.1%
Expenses	$25,122,003	$25,095,099	+0.0%
Net Income	$-15,382,984	$-15,877,064	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

183

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$9,881,296

Total Directors

$11,960,284

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY SHLOSSMAN	PRESIDENT (Pres SHB, SVP LBH)	1.0	Officer Director	$0	$9,679	$889,371
DAVID H KRAJEWSKI	VP/TRASURER, LBH, EVP AND CFO	1.0	Officer Director	$0	$47,616	$1,986,680
DR MATTHEW POFFENROTH MD	DIRECTOR AND VP (THRU 06/2025)	1.0	Officer Director	$0	$194,589	$1,531,768
JASON H WEINER	VP AND SECRETARY, LBH, SVP & GENERAL COUNSEL	1.0	Officer Director	$0	$217,432	$1,361,976
NEIL M MELTZER	DIRECTOR/LBH PRESIDENT/CEO/VP	1.0	Officer Director	$0	$50,333	$4,111,501
LESLIE R SIMMONS	DIRECTOR, LBH, EVP AND COO	1.0	Director	$0	$125,076	$2,078,988
CAROLYN KELLY-GREENE	DIRECTOR, IMAGING SERVICES	40.0	Highest	$166,542	$14,013	$180,555
HEATHER YOUNG	PROGRAM DIRECTOR	40.0	Highest	$168,563	$8,568	$177,131
MICHELLE BERKLEY-BROWN	DIRECTOR, AVP OPERATIONS	40.0	Highest	$241,200	$4,546	$245,746
STACY CROSS	DIRECTOR, ASSERTIVE CMTY TRTMNT ACT	40.0	Highest	$154,003	$12,729	$166,732
YASMEEN AHMED MD	PHYSICIAN	40.0	Highest	$255,970	$20,651	$276,621

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$9,739,019	$25,122,003	$76,088,114	$-15,382,984
2024	$9,218,035	$25,095,099	$86,099,037	$-15,877,064
2023	$10,772,195	$25,508,694	$86,148,072	$-14,736,499
2022	$23,241,096	$34,088,407	$106,741,883	$-10,847,311
2021	$34,877,165	$63,150,270	$110,112,234	$-28,273,105
2019	$112,238,118	$118,823,672	$62,267,560	$-6,585,554
2018	$114,097,721	$114,895,346	$67,294,406	$-797,625

GRACE MEDICAL CENTER INC